Relyea Zuckerberg Hanson LLC trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 18.4% in the 2nd quarter, Holdings Channel reports. The firm owned 6,247 shares of the credit services provider’s stock after selling 1,406 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in PayPal were worth $464,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Evermay Wealth Management LLC boosted its stake in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares during the period. Hilltop National Bank purchased a new stake in shares of PayPal in the 2nd quarter valued at about $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal in the 1st quarter valued at about $28,000. Tsfg LLC boosted its position in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its holdings in shares of PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.
Insider Activity
In other PayPal news, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the sale, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,102 shares of company stock valued at $1,046,607. Insiders own 0.08% of the company’s stock.
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. PayPal has set its Q3 2025 guidance at 1.180-1.220 EPS. FY 2025 guidance at 5.150-5.300 EPS. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Wall Street Analysts Forecast Growth
PYPL has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Piper Sandler set a $74.00 price target on shares of PayPal in a report on Tuesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research report on Saturday, September 27th. BMO Capital Markets reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Finally, Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Seventeen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.50.
View Our Latest Stock Report on PYPL
About PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
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